Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Chicago Naperville Joliet, Illinios MSA appreciation it was + 12.77% (+ 3.19% yearly) from 1994 to 1997.

During the same time period, IL had + 13.88% (+ 3.47% yearly). From 1994 to 1997, Illinios outperformed the individual Chicago Naperville Joliet, Illinios MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Chicago-Naperville-Joliet-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1994 2 98.72 + 1.14% + 4.55%
1994 3 99.33 + 0.62% + 2.47%
1994 4 99.41 + 0.08% + 0.32%
1995 1 100 + 0.59% + 2.37%
1995 2 101.49 + 1.49% + 5.96%
1995 3 102.73 + 1.22% + 4.89%
1995 4 103.73 + 0.97% + 3.89%
1996 1 104.86 + 1.09% + 4.36%
1996 2 104.86 + 0.00% + 0.00%
1996 3 104.95 + 0.09% + 0.34%
1996 4 106.03 + 1.03% + 4.12%
1997 1 107.13 + 1.04% + 4.15%
1997 2 107.59 + 0.43% + 1.72%
1997 3 108.81 + 1.13% + 4.54%
1997 4 110.07 + 1.16% + 4.63%